Coinbase entering stock market! Coinbase entering stock market later this year, according to Reuters.
The listing needs approval from the Securities and Exchange Commission. If the SEC approved the company’s plans, it would be the first stock market listing for a cryptocurrency marketplace and would be a major achievement for cryptocurrency investors.
Coinbase hasn’t notified the SEC what their intentions are, but the company has been speaking to investment banks and law firms.
Coinbase ran its most recent funding round in 2018, and back then, the company was valued at more than $8 billion. The company is leaning towards a public offering, rather than a traditional initial public offering. Direct listings allow firms to go public without raising capital in a stock sale.
The SEC has yet to establish firm rules for cryptocurrencies. What do you think? Let us know on our Facebook Page!
